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NEW YORK ( TheStreet) -- PetMed Express (Nasdaq: PETS) hit a new 52-week low Monday as it is currently trading at $8.57, below its previous 52-week low of $8.60 with 297,384 shares traded as of four p.m. ET. Average volume has been 282,600 shares over the past 30 days. PetMed Express has a market cap of $192.4 million and is part of the health care sector and drugs industry. Shares are down 49.5% year to date as of the close of trading on Friday. PetMed Express, Inc., doing business as 1-800-PetMeds, operates a pet pharmacy in the United States. It markets non-prescription and prescription pet medications; and other health products for dogs and cats, as well as direct to consumers. The company has a P/E ratio of 11, below the average drugs industry P/E ratio of 11.2 and below the S&P 500 P/E ratio of 17.7.